page contents
Photo by Mikes Photos on Pexels.com

Top Searched Stocks on Wednesday


Why This Stock Was One of the Most Searched Stocks on Wednesday

By Glenford S. Robinson

According to Benzinga, this stock was one of the most searched stocks of the day on Wednesday, October 10, 2018. The people who were searching this stock knew something that the general public didn’t know. This kind of interest in a stock could be rumor-driven. As the saying goes “Buy the Rumor and Sell the News.”

Therefore, investors and traders could be loading up on this stock as a result of some underlying information that we are determine to find out. Let’s analyze this stock and see if we can come up with a reason for its high-flying action up the charts. The company we are referring to is called Nio Inc., a Chinese electric car maker, trading on the NYSE under the ticker symbol “NIO.”

According to the company’s profile, “Nio, Inc. designs, manufactures and sells smart and connected electric vehicles.” The company states that it builds autonomous driving electric vehicles integrated with artificial intelligence. In fact, one of its standout gems is the ES8, a seven-seater all aluminum alloy body electric sports utility vehicle (SUV), capable of accelerating from zero to 100 km in 4.4 seconds with a New European driving cycle driving range of up to 355 kilometers (km) and a maximum range of up to 500 km in a single charge.
One other electric car company comes to mind, Tesla.

I remembered when Tesla’s stock was hovering around $30 per share and many people weren’t paying much attention until it’s stock price sky rocketed to over $300 per share. Those people who weren’t paying much attention was obviously late to the dance. We can be rest assured that those nonbelievers are some of the people who are now buying Tesla shares at $300 per share.

We are now currently in a similar situation with Nio Inc. In fact, Nio’s stock is not even close to $30 per share like Tesla’s a couple years ago. Nio’s stock is currently only valued at $7.46 as of Friday, October 12, 2018, 4:06pm with a trading volume of 14,545,424. With such a high trading volume coupled with a high of $7.75 for the day and a low of $7.28, that is telling us that something big positively speaking is about to happened to the stock price in the not-so-distant future. This could have been the catalyst for the heightened interest in the stock and a reason why it was one of Benzinga’s top searched stocks on the day. Please formulate your own investment decision with the help of your investment advisor or financial advisor.

© 2018 mstardom.com. Mstardom Finance does not provide investment advice. All rights reserved.

Check Also

The Federal Reserve Cut Interest Rate by 25-Basis Points, Wednesday! But Why?

Is the Feds cutting rate because of pressures from President Trump? Or, is the Federal Reserve cutting rate as a result of uncertainties presented by the ongoing trade war between the U.S. and China?

Pre-recession Could be Current State of U.S. Economy, Emotionally!

Defining a recession as two consecutive quarters of negative GDP growth doesn’t tell the whole story of the effect human emotions has on the financial markets. Before there are any consecutive quarters of negative GDP growth, there is the impact of human emotions on the financial markets, which should be taken into consideration. So, by the time two quarters of consecutive GDP growth hits the headlines, investors’ emotions would’ve already nose-dived into depression, dragging down the economy with it. That scenario could be the vampire plaguing the current U.S. economy.

Fed Chairman Powell Signaled US Economy Could Be on Verge of Economic Collapse

Could the US economy be on the verge of an all-out economic collapse? Well, the urgency with which the Federal Reserve Chairman Jerome Powell has acted says exactly that. The Chairman hinted on Friday that the central bank would continue its rate cutting plans started last month (rate cut of 25-basis points).

US Treasury 30-Year Bond Yield Hits Record Low, Economy Heading for Recession?

The infamous inverted yield curve is used to forecast economic recession and it too has shown itself a few times recently, flip flopping its way into the hearts of paranoid investors. The take-away from this is that for a true economic recession to occur, the inverted yield curve must remain inverted for many months to qualify as a true predictor of economic recession.

US Federal Rate cut has come and gone, Now What?

The price of gold has certainly benefitted from the US-China trade war, hitting a six-year high of $1,510. When there are uncertainties in the US dollar and global economy, investors look for safe-haven asset classes to stash their cash. Gold is one of those safe-haven asset classes that investors turn to during times of trouble. In addition, the price of gold is inversely proportional to the price of the US dollar. This means that whenever the price of gold goes up, the price and value of the US dollar goes down. So, as currency traders who trade the USD against other currencies, we should all understand the relationship between the USD and AUX (Gold).

US Interest Rate Cut Sentiment Keeping EUR/USD Above 1.1200

If our prediction holds true, we can expect that the 1.1200 area of support could quickly become an area of resistance all day Thursday, July 25; and may give way Friday a t 8:30 am when US Q2 GDP is expected to come in lower than previous readings.

US Retail Sales Rose, But Building Permits Fall; Fed Rate Cut Decision Pending

The monthly building permit report is watched closely by traders, investors, economists, and by the Federal Reserve. Because all related factors associated with the construction of a building are very important economic activities (for example, financing and employment), the building permit report can give major hints as to the current state of the economy in the not-so-distant future. So, the fact that the latest building permit numbers came in well below estimates, there is cause for concern and the Feds may very will cut interest rate to jump start the economy by putting a cap on the progress of deflation.

%d bloggers like this: